Introduced with the Pay As You Go Withholding Non-compliance Tax Bill 2011, the bill amends the:

Income Tax Assessment Act 1997

to provide the Commissioner of Taxation with discretion to disregard certain events that would otherwise trigger the assessment of certain income for a primary production trust in the year of the event;

Petroleum Resource Rent Tax Assessment Act 1987

to clarify the location of the ‘taxing point’ for the purposes of the petroleum resource rent tax; and

Introduced with the Pay As You Go Withholding Non-compliance Tax Bill 2012, the bill amends the:

Taxation Administration Act 1953

and four other Acts to: extend the director penalty regime so that directors are personally responsible for their company’s unpaid superannuation guarantee amounts; make directors and their associates liable to pay as you go (PAYG) withholding non-compliance tax in certain circumstances; and ensure that directors cannot discharge their director penalties by placing their company into administration or liquidation when PAYG withholding or superannuation guarantee remains unpaid and unreported three months after the due date;

Income Tax Assessment Act 1997

and

Tax Laws Amendment (Taxation of Financial Arrangements) Act 2009

in relation to the taxation of financial arrangements consolidation interaction; and

Income Tax Assessment Act 1997

to modify the consolidation tax cost setting rules and rights to future income rules.

to establish a framework to protect the confidentiality of taxpayer information by placing a general prohibition on the disclosure of taxpayer information except in certain specified circumstances; makes consequential amendments to 38 other Acts; contains a regulation making power; and repeals the

to establish a framework to protect the confidentiality of taxpayer information by placing a general prohibition on the disclosure of taxpayer information except in certain specified circumstances; makes consequential amendments to 38 other Acts; contains a regulation making power; and repeals the

to establish the Education Tax Refund, a 50 per cent refundable tax offset for eligible education expenses (up to $750 for primary school studies and up to $1,500 for secondary studies). Also makes consequential amendments to the